Foreign airlines, yesterday, pushed back on the recent upward review of the Rate of Exchange (RoE) and attendant spike in the cost of international air travel, saying they were induced by the Central Bank’s exchange rate and local market volatility. The airlines, under the aegis of the International Air Transport Association (IATA), said the exchange […]
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• Headline inflation rises to 22.22% • Experts blame high commercial lending rates On May 29, President Muhammadu Buhari will leave behind an inflation rate of 22.22 percent (the highest in about 17 years), which is well over double the level he met in 2015. The National Bureau of Statistics (NBS), yesterday, released the last […]
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Governor Ademola Adeleke of Osun State has commiserated with Nollywood fans, friends, and families of the late Maroof Afolabi, a popular Yoruba actor, who died on Sunday. Adeleke, in a statement by his spokesperson, Mallam Olawale Rasheed, on Monday in Osogbo, described the late Afolabi as a good ambassador of Osun who dedicated his life […]
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• Power generation at less than 50% of 2019 target • Stakeholders push decision on Siemens to Tinubu Less than two weeks to the end of President Muhammadu Buhari’s administration, the failure of the much-hyped Nigeria-Germany electricity deal, expected to be implemented by Siemens, re-echoed yesterday, even as the national grid collapsed again, throwing the […]
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By Kunle Johnson — OKÉTÉ is at it again The caption is revealing enough. Everybody knows the writer of the warped diatribe against ex-envoy Sola Iji. He is the serial betrayer, malicious blackmailer, pathological liar and vindictive backstabber from the riverine area of the Sunshine State. No wonder, he has earned the OKÉTÉ sobriquet in […]
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The United States government says it has imposed visa restrictions on specific individuals who allegedly undermined the democratic process during Nigeria’s 2023 elections. The Secretary of State, Anthony Blinken, disclosed this in a statement on Monday. “Today, I am announcing that we have taken steps to impose visa restrictions on specific individuals in Nigeria for […]
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The Nigerian Association of Resident Doctors (NARD) has declared a five-day warning strike following the failure of the Federal Government to meet its demands. This was made known after an extraordinary National Executive Council (NEC) meeting held virtually on Monday. According to the doctors, the strike will begin on Wednesday, May 17, and end on […]
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• Ndume: Senators in our group will get to 86 before inauguration day • Akpabio visits Masari, Sanwo-Olu, promises Senate will work with executive to prosper Nigeria • Tinubu: PDP will not take over NASS leadership positions • Group kicks against APC’s imposition of candidates, says decision autocratic, divisive • APC Northern support groups threaten […]
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CBN Governor, Mr. Godwin Emefiele Last weekend, members of the Monetary Policy Department of the Central Bank of Nigeria (CBN) were in Lagos for the 2022 retreat with their eyes on evaluating the monetary framework and weighing the prospects of other models with regard to keeping the key economic prices in check. Incidentally, the assessment […]
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Needs more loans to fund needs, World Bank insists Buhari ‘grows’ figure from $7.3b to $41.8b in eight years Debt per Nigerian jumped from N17,800 under Obasanjo to N368,421, says Emmanuel Economy may crash, Adigun warns Debt necessary to grow economy, Fasua insists Nigeria’s external debt has climbed from $2.1 billion to about $41.8 billion […]
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